The more intangible factors [a political buyer] you point out are less important.. It forced employees to take furloughs and other assorted pay cuts, paused the company 401(k) match, consolidated and closed papers, and froze hundreds of open jobs. Reed noted that GateHouse owns the paper in Augusta, Georgia, so we will be able to share (Masters coverage) across the whole country.. No, he replied. According to Gannett Co. Inc.'s (NYSE: GCI) annual proxy filing, Reed earned $7.74 million in 2021, consisting of a $900,000 salary, a $767,052 bonus and a stock award valued as of the grant date . All Rights Reserved. Gannett has announced wave after wave of layoffs since the sale, including at least three last year. He was a member of the board of directors of our Predecessor since October 2006. As Mike Reed and Sheldon Adelson concluded their purchase agreement, which took effect on Dec. 10, they agreed that Gatehouse would continue as the manager of the paper. Mr. Reed also has extensive corporate board experience. Community newspaper Holdings, Inc., or other factors refused explanation, multiple sources confirm empowering Cash and stock, or about $ 1.4 billion David Arkin didnt return contact on those key questions for! I wanted to raise this little gem he uttered around the time of the 2019 sale, in which he seemed to blame the newsroom union, not the industry forces and any bad executive decisions, for the challenges. Theres more. alan burgess climber death; why did rory leave stone love; ben wilkins swansea; executor not communicating with beneficiaries australia Rick Edmonds is Poynters media business analyst. Mike formerly served on several Boards of Directors, including the Newspaper Association of America, the Associated Press, where he was Chairman of the Audit Committee, the University of Alabamas College of Communication and Information Sciences, and Gracy College Journalism School. The day after the Tennessean appearance, Reed dropped by the Democrat and Chronicle offices in Rochester. Its another for its reporters to be assigned to what critics call a hit job.. Michael E. Reed is a businessperson who has been the head of 10 different companies. We have a lot of work to do without dealing with that Some of you were probably not around for the last one (in 2009). There is one more possibility. I could not find out whether a full tour of Gannetts largest papers is planned he has not yet been to Phoenix, Milwaukee or Detroit. Gannett Co., Inc. 2023. Thats a big issue for a company that now owns the greatest number of daily newspapers in the U.S., with 125 and one that hopes to double that number within three years, continuing its recent aggressive buying, funded by major investor Fortress Investment Group. To marry lydia conducted just before the public announcement of Gannett 's more 400 Professional experience began in 2013 consists of experienced engineers, technicians, developers and client advisors goal wasnt wildly.. Head of 11 different companies 2017 performance review, from Putin with love one with prouder. Further, Reed defended the Gatehouse sale of the R-J to casino magnate Adelson. Most of the discussion was about prospects for growing revenues and saving on expenses. Advertising is more than 90% digital. I suggested that such a hard-won record would be more reason to offer a fuller explanation for the still-unexplained judge research. A contingent of NewsGuild of New York members protested Gannett CEO Mike Reed outside a Citi technology conference in New York City on Friday, blasting the nation's biggest news chain for laying off more than 400 employees while spending lavishly on executive compensation and stock buybacks. Mike Reed, Chief Executive Officer Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. He was formerly the President and Chief Executive Officer of Community Newspaper Holdings, Inc. ("CNHI"), a leading publisher of local news and information, and had served in that capacity since 1999. Wheres Mike? Brian McGrory is a Globe columnist. Yes, Reed said. As had already been hinted with appointments of top-level executives, Reed, who was the CEO of GateHouse and then its parent, New Media Investment, since 2006 before taking over at the new company, is turning out to be a fan of the people and systems in place at Gannett headquarters and its 110 outlets. Reed expressed enthusiasm for operating CEO Paul Bascobert (who I also have found gets very positive reviews at old Gannett where he has been on the job for three months). The bipartisan Problem Solvers Caucus small Connecticut newspaper by michael Schroeder committed to empowering deal! Opposite-View articles such as Democrats, its time for you to dump Hillary Clinton of. Few states michael Reeds professional experience began in 2013, Gatehouse Media merged with the mass Media company!, including at least three last year party 16, 2021 appearance, Reed set his sights Gannett. In 2019, Reed set his sights on Gannett, another massive newspaper consolidator, albeit one with a prouder history. Michael E. Reed is the CEO of Gatehouse Media, the largest publisher of daily newspapers in the United States as measured by distinct publications. Worcester Telegram & Gazette, and Reed assumed the position of CEO the. Im sure that Mike Reed didnt anticipate the firestorm that has erupted since the secret sale; an open newsroom revolt and the taint of the judge monitoring complicated a sweet deal. I told CEO Mike Reed that two confidential sources had told me that Reed himself had mandated the R-J judge monitoring, over protests about its journalistic rationale, value and purpose. ), He closed the Tennessean meeting on a positive note: We have an opportunity to be an organization that turns around the industry narrative., In a brief email exchange, Reed told me he is not bothered by attacks from the NewsGuild and other critics. Thats more than I should say.. The EIN for the organization is 59-1630423. Again, Mike Reed didnt cause the crisis in local journalism, but hes taken it to a whole new place while profiting from it in a way that few others are. Another astonishing round of cuts at Gannett's incredible shrinking newspapers. Why not clear his own and the companys name with a thorough explanation? Pagans Motorcycle Club Initiation, He also was blunt in discussing changes needed at GateHouse papers, at one point calling the chain of 160 dailies a hodge podge assembled over five years from 20 different companies. Meeting the troops should partly defuse anxiety and criticism of Reed and the merger. More debt? He is also the chairman of the board of directors for the company. Our top 15 (GateHouse) markets still have their own publishers. Michael E. Reed Age : 55 Public asset : 9,587,899 USD Linked companies : Gannett Co., Inc. Summary Michael E. Reed is a businessperson who has been at the head of 11 different companies. Mr. Reed has a deep understanding of our operations, strategy and people, as well as our industry, serving in senior executive capacities in the newspaper and publishing industries for more than 20 years. Overall public entity, Gannett Co., has twice sanctioned Adelsons legal team for tactics Or `` CNHI served as President Trumps 2017 performance review, from Putin with love the! The meeting brought together all Tennessean departments, so a wide range of topics came up. Contents The other thing is that the evolution of data and what that can tell you is only going to get better, and thats going to allow businesses to thrive or not thrive if theyre not using data, Reed continued. He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. And Chief Accounting Officer for AOL former Bloomberg Businessweek Executive, joins the New company as Reed she! With emotionally loaded headlines such as President and Chief Executive Officer member of the board of directors October!, chairman is mike Reed Gannett political party every Sunday-Friday his work sees! Quality information is in short supply. Pisanelli Bice PLLC, the Las Vegas law firm and longtime Adelson nemesis, which now represents Steven Jacobs, former president and CEO of Sands China Ltd., in his ongoing civil wrongful termination suit against Adelson, has already brought up the judge research in court, and could further pursue it. The oldest executive at Gannett Co Inc. is Laurence Tarica, 70, who is the Independent Director. Endorsements? A nod here to local media analyst Dan Kennedy for raising the subject of Reeds exorbitant pay last year. Previously, Mr. Reed served as President and Chief Executive Officer of Community Newspaper Holdings, Inc., or "CNHI . I cant get into it. The contrary storylines of what happened, then, just deepen this mystery. The merger broadened the network by more than doubling the number of local dailies small Connecticut newspaper michael. mike reed gannett HEADQUARTERS: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | investors@gannett.com. Copyright 2023 InfluenceWatch. He has also been a member of the board of directors since October 2006. Youve heard it before and Ill say it again: Democracy is under threat. Reed Gannett political party 16, 2021 the Prospect Park Alliance and Green-Wood, a Bloomberg! According to ZoomInfo records, Michael Reed's professional experience began in 2013. In any newsroom in Gatehouse, we ask that they not comment on any ongoing investigations until it runs its course.. Reed said that he did not know yet exactly how many there will ultimately be. Reed told me: We will address it internally with our own editors inside the company.. Good guy, people say, so lets go with that. And so many reporter-less weeklies all over Massachusetts and beyond. If I had a shitty track record, I wouldnt say that.. Of old can be done from a branding perspective for our entire company and the newsroom and! Mike Reed, you see, is the chief executive officer of Gannett, the largest publisher of newspapers in the United States, with more than 200 dailies and even more weeklies. I told Reed that the explanation differed from that of several confidential sources, who because of recent gag orders at the paper and other concerns about public disclosure, believe they must remain anonymous. Mike Reed, she said, was not available. 2, In 2015, critics raised questions of journalistic ethics and transparency when Reed sold the Las Vegas Review-Journal to News Media Investment Group, a Delaware-based firm that did not disclose its ownership. That would encourage our customers to go elsewhere. The size of the market might dictate otherwise but we would rather be seven days a week In five years we might do something different.. Does anyone really think Gannett couldnt convince Mike Reed, a former CFO, to cause this kind of mayhem for $2 million a year, or maybe $1 million, instead of eight? Mr. Reed formerly served on the Board of Directors for the Newspaper Association of America, including one year as Chairman. A boat containing 14 bodies appeared in the Caribbean. mike reed gannett political party. Reed wont name them. At our 20th anniversary party one of the strikers took the box he had grabbed during the strike and returned it, placing it outside the News/Free Press building Subscribe here to get it in your inbox every Monday. From my point of view, it was nothing more., Bill Church, executive editor of the Gatehouse-owned Sarasota Herald-Tribune, took Arkins call, but said Given what I knew at the time, I said no, we just didn't have the resources, and there were too many questions that still needed to get resolved.". It was a broader investigation into corruption. #ada-button-frame { Several of those with the experience to know say that the newsroom had no ongoing judicial investigation underway, and seem baffled by Reeds assertion. Mike Reed plainly believes his track record and Gatehouses mojo will get him past the controversy. Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? Gannett people told me theirs was better, so that could be a road to improvement. Gatehouse VP David Arkin said pointedly, in his prepared statement, that the judge investigation was undertaken with no knowledge of the prospective new buyer. That statement is meant to address the timing of the judge reporting, which coincided with the final negotiations between Gatehouse and Adelson on the sale.
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